South Dakota Bureau of Finance and Management

This document outlines the South Dakota Debt Limitation and Management Policy, which sets forth recommended guidelines for the issuance, maintenance, and servicing of debt for the South Dakota Building Authority and the South Dakota Health and Educational Facilities Authority. It emphasizes the state's commitment to fiscal responsibility and transparency, detailing statutory limits based on gross domestic product and general fund revenue. The policy provides metrics and projections up to FY2029 to ensure compliance and demonstrate the state's fiscal strength.

The South Dakota Five-Year Capital Expenditure Plan outlines projected expenses for construction, expansion, and maintenance and repair projects for the next five years. The plan categorizes projects into New Construction, Expansion, and Maintenance and Repair, providing details on costs, funding sources, and locations. Its objective is to offer a transparent view of the state's capital needs, enhance budget understanding, and strengthen financial practices.

This document outlines the South Dakota Five-Year Capital Expenditure Plan for fiscal years 2026-2030, detailing capital projects across new construction, expansion, and maintenance and repair categories. The plan allocates $8.3 billion in total funds, including $943 million for new construction, $350 million for expansion projects, and $6.99 billion for maintenance and repair, covering various state departments and incorporating projects from the Statewide Transportation Improvement Plan.

This Long-Term Financial Plan for the State of South Dakota outlines the state's commitment to fiscal responsibility and transparency, established through Executive Order 2014-06. The plan provides detailed projections of general fund revenues and expenditures, including historical data for FY2025, revised recommendations for FY2026 and FY2027 budgets, and forecasts for FY2028 and FY2029. Key focus areas include managing revenue sources such as Sales and Use Tax, Other Business Activity Taxes, Lottery and Gaming Receipts, Tobacco and Alcohol Taxes, and Other Ongoing Receipts, alongside expenditures across Education, Medicaid, Continued Safety, Keeping South Dakota Healthy, and Serving and Supporting South Dakota. The objective is to offer a strategic framework for sound fiscal planning and decision-making, aiming to strengthen the state's financial practices.

This document presents the Fiscal Year 2027 Budget Overview for the Bureau of Finance and Management. It covers the budget background, economic outlook, revenue forecasts for FY2026 and FY2027, mid-year adjustments, and details ongoing expenses for FY2027. Key areas include historical budget trends, revenue sources, economic assumptions, and mandatory and discretionary expenditure changes.